Coos Art Museum

Analysis

Coos Art Museum is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coos Art Museum reported income of $496k and spending of $281k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $496k (+107%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 323%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coos Art Museum sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OR. Charities of a similar size with the same main cause include Central Dakota Enterprises Inc ($496k), Meridian Symphony Association Inc ($496k) and Naples Performing Arts Center Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $47k (17% of expenses). Other salaries and wages came to $103k. At year end it held assets of $2.4m against liabilities of $103k, net assets of $2.3m. It reported 9 employees.